What were they thinking? These people have a reputation, no one is going to take them for real making these claims. What's going to happen when nothing happens?
https://www.youtube.com/watch?v=w3X03KyUYuohttps://www.youtube.com/watch?v=Pz_j2su9Ehchttps://www.youtube.com/watch?v=vdPWnYnpEOwThink about it. The marketcap for BTC to reach 1mm/BTC would mean massive mainstream adoption. Also, it would mean tons of random NEETs that happen to store a couple BTC suddendly join the 1% clique.
And, let's say hypothetically that 1 BTC reaches these ridiculous prices. What will be the purchasing power of 1 BTC? Wouldn't basically mean that the USD dollar devalued itself 1mmth times? Even if it went to 1mm/BTC, so what? you could only buy a cheese burge with it.
I just find the whole thing ridiculous. I hope im wrong and we all become rich, but the story about holding 1 BTC and waiting to be a millonaire sounds so ridiculous to me. And they could play the "the end of the world is near" card, and keep people waiting forever.
It has been well established that even if Bitcoin only replaced the amount of commerce Amazon.com does, and controlled just the remittances market, it would be $50,000 per coin. I realize awareness of the bitcoin protocol and its capabilities across numerous financial niches, is not a strong suit for most day traders. They just want to make a quick buck and think very short term. But suffice it to say that handling Amazon.com volume commerce (there are over 100,000 merchants accepting BTC already, how many merchants equal one amazon?) and remittances will be a pittance compared to the numerous other industries Bitcoin is capable of disrupting and overtaking. Or at least being "incorporated into". Awareness of what Bitcoin actually is would make the above thoughts not seem "ridiculous".
-B-